The Securities and Exchange Commission (SEC) takes the criminal act of insider trading very seriously. In fact, they consider it one of their top priorities to identify and prosecute those responsible for insider trading. When an individual buys or sells stocks, bonds, options, or other securities in breach of their position of trust, fiduciary responsibilities, or relationship wherein they have been entrusted with certain confidences, that is insider trading. If securities trades occur as a result of an individual providing information to family members, friends, or other parties who are not privy to such information, they can also face insider trading charges.
Insider trading is often compared to embezzlement, extortion, and other fraud crimes, in that the monetary gain an individual receives is solely due to their fraudulent activities. The penalties an individual can face for insider trading depend largely on the profit they made or losses they avoided. Per the Securities Exchange Act of 1934 and Insider Trading Sanctions Act of 1984, the SEC has the authority to request the court require an individual convicted of insider trading to not only repay their profits but to pay a penalty of up to three times the profits obtained. In some instances, the court has ordered the individual to be barred from serving as an officer or director of a publicly traded company and prohibited from engaging in further securities trading. Criminal charges for securities law violations may result in to 10 years in jail and $1,000,000 in fines.
If you are being investigated or already charged with insider trading, you need to consult with Okabe & Haushalter immediately. Insider trading laws are complex, and you want a lawyer on your side who is knowledgeable and experienced with them. Make no mistake that the SEC and prosecuting attorneys will take great effort in investigating and bringing to trail those individuals suspected on insider trading. Thankfully our attorneys are former prosecutors, which gives us a unique advantage when it comes to providing our clients with aggressive representation.
Our attorneys know how much is at stake if you are charged and convicted of insider trading. That is why we act quickly to thoroughly evaluate your case from all aspects. We gather evidence, interview key witnesses, challenge information presented by the prosecuting attorneys, and take active measures to develop an innovative approach to your unique circumstances. Our primary concern is providing you with an aggressive criminal defense to protect your rights.
Attorneys Ryan Okabe and Mark Haushalter have provided legal representation and been involved in many high-profile criminal defense cases—including the Michael Jackson case, the OJ Simpson robbery case, the Jesse James case, and others. It is the past experience and dedication of each of our attorneys that has contributed greatly to the current success of our firm. Contact us now for a free consult!